Important Update – Please Read
We are currently able to accept postal applications, however given the current circumstances we would suggest sending applications to us by e-mail if you can. The funds for your investment should be transferred direct to the investment company so they have cleared funds by the closing date. Account details for transferring funds are included on all application forms. Please send completed application forms and appropriateness questionnaires to us at firstname.lastname@example.org. We will confirm receipt of your application within one working day.
If you have opted to pay your fee separately we will provide you with our account details when confirming receipt of your application.
The iDAD 100% Capital Protected Kick Out Plan is a maximum 6 year and 1 week plan that offers potential growth of 7.45% for each year the plan runs, subject to the performance of the underlying stocks.
A maximum 6 years 1 weeks investment
AstraZeneca PLC; Aviva PLC; Lloyds Banking Group PLC; Vodafone Group PLC
Issuer: BNP Paribas Insurance B.V.
Guarantor: BNP Paribas
How the plan works
If the Closing Levels of the Underlying Stocks on any Early Observation Date before the Final Valuation Date are at least equal to or above the Kick Out Trigger Level, the Plan will kick out, i.e. mature early, and make a gross investment return of 7.45% for each year that the Plan has been in force. The first Early Observation Date will be on 15th of August 2022, two years after the Start Date. If the Plan has not matured early, and the Closing Levels of the Underlying Stocks on the Final Valuation Date (the ‘Final Levels’) are at least equal to or above Kick Out Trigger Level, the Plan will provide an investment return at the Maturity Date equal to 144.70% made up of 100% of your investment plus a 44.70% return, (6 x 7.45%) of the money you invested. If the Final Level of any Underlying Stocks is below 100% their respective Initial Levels, no investment return will be payable at the Maturity Date, however, this Plan is 100% Capital Protected at maturity.
How can I hold this?
Direct, ISA/ISA Transfers, SIPPs, SSAS,Corporate, Charities and Trusts
Other Key Information
This product is a certificate, a transferable debt instrument.
BNP Paribas S.A. – www.bnpparibas.com
The objective of this product is to provide you with a return based on the performance of underlying shares (each share, an Underlying). This product has a fixed term and will redeem on the Redemption Date unless redeemed early in accordance with the Automatic Early Redemption provisions below.
Unless the product has been redeemed early, the following provisions would apply. On the Redemption Date you will receive in respect of each certificate:
1. If the Final Reference Price of the Worst-Performing Underlying is greater than or equal to 100% of its Initial Reference Price: a payment in cash equal to 144.7% of the Notional Amount.
2. If the Final Reference Price of the Worst-Performing Underlying is less than 100% of its Initial Reference Price: a payment in cash equal to 100% of the Notional Amount.
Automatic Early Redemption: If, on any Autocall Valuation Date, the closing price of each underlying is greater than or equal to the relevant Autocall Barrier, the product will be redeemed on the corresponding Early Redemption Date. You will receive for each certificate a payment in cash equal to the Notional Amount plus a premium based on the relevant Exit Rate.
– The Worst-Performing Underlying is the Underlying that shows the lowest Final Reference Price when divided by its Initial Reference Price.
– The Initial Reference Price of an Underlying is the closing price of that Underlying on the Strike Date.
– The Final Reference Price of an Underlying is the closing price of that Underlying on the Redemption Valuation Date.
The product has been designed for retail investors who:
♦ have a long term investment horizon (over five years).
♦ seek to invest in a capital growth product, potentially to diversify their portfolio.
♦ seek protection of the Notional Amount at maturity and are aware of the possible early termination of the product.
♦ have been informed or have sufficient knowledge of the financial markets, their functioning and their risks, and the asset class of the underlying.
To gain a full understanding of this Plan it is important that you read the brochure carefully, including the product risks and terms and conditions. If you are unsure about any aspect of this investment product, please seek financial advice to ensure the Plan suits your requirements and overall investment planning.
Moneyworld does not offer investment advice. The information in this brochure does not constitute tax, legal or investment advice. Please read our terms and conditions before investing
How do I invest?
Our fee is just 0.5%. This can be deducted from the investment or paid by enclosing a cheque to Moneyworld.
Important Plan Dates
Closing Date (Cheque payments): 31 July 2020
Closing Date (Electronic payments): 07 August 2020
ISA Transfer closing date: 24 July 2020
Is the iDAD 100% Capital Protected Kick Out Plan right for me?
This Plan may be suitable for investors who:
♦ Are seeking the opportunity for higher returns than current cash rates at the time this Plan is launched
♦ Are seeking to preserve their capital in full if held to maturity
♦ Wish to have exposure to the Underlying Stocks
♦ Understand the Plan may mature early, returning 100% of your Initial Capital plus a return equivalent to 7.45% per annum
♦ Are looking to invest for the medium term, being happy to remain invested until the Maturity Date
♦ Can afford to have their cash invested for the full term of the Plan
♦ Wish to use this investment as part of a well-diversified portfolio
♦ Understand the risk to capital in the event of an Issuer default
♦ Should they need to sell their investment before maturity, accept that the trading price may mean they get back an amount less than they invested
♦ Appreciate that the fixed rate of return is conditional on the performance of the Underlying Stocks
This Deposit may not be suitable for investors who:
♦ Have not received advice, completed an appropriateness test or spoken to a financial adviser who deems the Plan appropriate for them
♦ Don’t understand the risks of the Plan
♦ Require a guaranteed income
♦ Don’t want exposure to equities
♦ Require access to their investment over the term
♦ Are unsure how the Plan works
♦ Do not have at least £10,000 to invest
♦ Cannot make an informed decision based on the information within the brochure or from the Issuer’s Key Investment Document (KID)